If a Good Is Price Elastic,a Decrease in Price Will

question 19

Multiple Choice

If a good is price elastic,a decrease in price will:

• A)decrease total revenue.
• B)increase total revenue.
• C)not affect revenue.
• D)none of the above.

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Psychologist

A professional who studies cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and their environments.